Tds on immovable property
This query is : Resolved
14 June 2013
Assessee entered into agreement for purchase of property, payment being construction linked. dat of agreement 15 may, 2012
this tds provision came into effect from 1st june, 2013..
so from now on whatever amt is being paid will be subject to tax deduction?
this tds provision came into effect from 1st june, 2013..
so from now on whatever amt is being paid will be subject to tax deduction?
CA Pooja Agarwal
(Expert)
14 June 2013
if the amt involved is more than 50 lakhs tds provisions apply..
CA Kapil Verma
(Expert)
14 June 2013
if you are going to pay more than 50 Lac after 1st june 2013, then need to deduct TDS.
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